By a transfer agreement entered into on 21 December 2001 (the "Transfer Agreement"), ARGO MORTGAGE SRL purchased from CARIGE, pursuant to Italian Law No. 130 of 30 April 1999 (the "Securitisation Law"), receivables and connected rights (the "Receivables") arising from a portfolio (the "Portfolio") of performing residential loans (the "Mortgage Loans") originated by CARIGE and Istituto di Credito Fondiario della Liguria S.p.A.